Mortgage lender Better Home slides on $60 mln stock offering

ReutersApr 8, 2026 11:33 AM

Better Home & Finance's BETR.O shares slide 15.4% before the bell to $37.92 after follow-on offering prices

AI-native mortgage and home equity finance platform early Weds says it sold ~1.9 mln shares for expected gross raise of $60 mln

Offering price equates to about $32, which is a 28.6% discount to stock's last sale on Tues

New York City-based firm intends to use net offering proceeds for growth capital and general purposes

BTIG and Cantor Fitzgerald joint bookrunners

Co has ~16.4 mln shares outstanding for roughly $740 mln market cap

Through Tues close, stock had gained ~38% YTD

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